TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Venezuela seizes 2 oil rigs owned by U.S. company

Daily Photo Galleries

By The Associated Press
Friday, Nov. 1, 2013, 9:18 p.m.
 

CARACAS — Venezuela has quietly seized control of two oil rigs owned by a unit of Houston-based Superior Energy Services after the company shut them down because the state oil monopoly was months behind on payments.

The seizure took place Thursday after a judge in the state of Anzoategui, accompanied by four members of the local police and national guard, entered a Superior depot and ordered it to hand over control of two specialized rigs to an affiliate of PDVSA, the state-owned oil producer.

PDVSA justified the equipment's expropriation, calling it essential to the South American nation's development and welfare, according to a court order obtained by The Associated Press. Company workers were instructed to load the rigs onto trucks to be deployed at “critical wells” elsewhere, according to the document.

Oil companies are weary of working with PDVSA, which has accumulated huge debts to service contractors on whom it depends to develop the world's largest proven oil reserves.

 

 
 


Show commenting policy

Most-Read World

  1. 8 children killed, mother stabbed, in Australia
  2. Cezanne likely to attract bidders
  3. Canadian woman who helped ducks gets prison in fatal crash
  4. Putin confident in financial recovery, tells Russians West cannot ‘chain the bear’
  5. Cuban spy’s parents search for son Sarraff
  6. 2 ISIS leaders dead in airstrikes, U.S. says
  7. Abbas seeks talks on U.N. Security Council resolution for Palestinian state
  8. Dozens killed, scores missing in Nigeria attack
  9. Colombia shuns rebels’ truce, saying conditions unacceptable
  10. Taliban siege at Pakistani school ends with 141 dead
  11. Hope for better days in Pakistan shattered in school attack
Subscribe today! Click here for our subscription offers.